Market Overview

EUR/JPYToday’s support: - 122.21, 121.96, 121.67 and 121.48 (main), where correction is possible. Break would give 121.18, where correction also may be. Then follows 121.05. Break of the latter...

Quiet as a church mouseWe’ll keep this update short as there is an infinitesimally small amount of news flow out there and even less that is having an effect on currency markets. Anyone who is...

The dollar fell lower against the other majors currencies on Wednesday, despite the release of upbeat U.S. housing sector data as traders were beginning to unwind positions ahead of the Christmas...

Despite having the G7’s largest debt to GDP ratio, Japan Boots Military Spending to Record levels amid Chinese tensions. Japan’s Prime Minister Shinzo Abe has signed off a record defense...

Market movers today Focus today will be on a broad string of US data. The Fed's preferred measure of inflation, the core PCE deflator, is expected to stay flat at 1.7% y/y, which should not bring any...

Market participants are clearly winding down and while we saw ASX 200 turnover some 18% below the 30-day average yesterday, I wouldn’t be surprised if we saw less than $5 billion today. Volumes...

US durable goods orders for November headed for a retreat Modest rebound set for US macro trend via the Chicago Fed National Activity Index US personal spending growth on track to hold steady in...

if you create and distribute money only in the apex of the wealth/power pyramid, it can only benefit the few rather than the many.There are numerous debates about money: what it is, how we measure it,...

Approximately 40,000 junior bondholders are about to take a huge hit as a last-gasp private rescue plan for Monte dei Paschi (OTC:BMDPD), the world’s oldest bank, which looks set to fail.Please...

Another day, another set of predictions from Wall Street analysts for 2017. This time the predictions come from Barclays' (NYSE:BCS) US Equity Strategy team headed by Jonathan Glionna and Eric Slover,...

Though Donald Trump’s election has amplified concerns about a rollback of free trade, signs of upside trends in services trade and continued recovery in container trade point to moderately...

Happy Winter, everyone! Yes, it’s the winter solstice. As we wind down the last few trading days of the year, volatility is collapsing to levels hardly ever seen in financial history. It...

The outlook for U.S. growth in the fourth quarter is still muted vs. Q3’s pace, according to recent updates from various sources. The strong 3.2% increase in Q3 is expected to decelerate to...

Bondholder bail-ins are on the way in Italy as private investors pulled the plug on a bank rescue.Rome plans a €20 billion bank bailout, but under eurozone rules junior bondholders have to take a...